All: 2009 Headlines

State Securities Regulators Announce Settlement with TD Ameritrade in Auction Rate Securities Investigations

WASHINGTON, D.C. July 20, 2009 — The North American Securities Administrators Association (NASAA) today announced that a settlement in principle has been reached between online brokerage TD Ameritrade, Inc. and state securities regulators to return approximately $456 million to the firm’s clients who have had their funds frozen in the auction rate securities (ARS) market. […]

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NASAA Targets Workplace Affinity Fraud

State Securities Regulators Bring Fraud Prevention Program to Unions & Employee Associations Washington D.C. (July 1, 2009) — The North American Securities Administrators Association (NASAA) today announced a new investor education initiative to equip millions of union and employee association members with the knowledge and skills they need to protect themselves from investment fraud. “Given […]

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NASAA Statement on U.S. Supreme Court Decision in Cuomo v. The Clearing House Association, LLC

WASHINGTON (June 29, 2009) –The following is a statement from North American Securities Administrators Association President and Colorado Securities Commissioner Fred Joseph on the U.S. Supreme Court’s decision in Cuomo v. Clearing House. In March 2009, NASAA filed an amicus brief with the Court arguing that the rules of the Office of the Comptroller of […]

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NASAA Statement on Obama Financial Regulatory Reform Proposals

WASHINGTON, D.C. (June 17, 2009) – The following is a statement by North American Securities Administrators Association (NASAA) President and Colorado Securities Commissioner Fred Joseph on the release of the Obama Administration’s comprehensive plan to restructure the system of financial services regulation in the United States to better protect American investors and consumers. NASAA is […]

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NASAA, NAPSA Unite to Fight Financial Elder Abuse

State Securities Regulators & Adult Protective Services Workers Announce Partnership to Prevent Elder Abuse Washington, D.C. (June 15, 2009)––The North American Securities Administrators Association (NASAA) and the National Adult Protective Services Association (NAPSA) today announced they will join forces to protect seniors from the growing threat of elder financial abuse, which includes financial exploitation and […]

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NASAA Applauds Obama Directive Affirming the Value of State Regulatory Authority

WASHINGTON, D.C. (June 10, 2009) – The North American Securities Administrators Association today commended the Obama administration for affirming the vital role that state regulators play in protecting American investors and consumers. “We sincerely appreciate your recognition that states have frequently been more aggressive than the national government in protecting the public’s interest,” NASAA President […]

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NASAA President Appointed to SEC Investor Advisory Committee

WASHINGTON (June 4, 2009) – State securities regulators have joined forces with their federal counterparts to give investors a greater voice in Washington. Fred Joseph, president of the North American Securities Administrators Association (NASAA) and Colorado Securities Commissioner, will serve on the newly created Investor Advisory Committee of the Securities and Exchange Commission. “State securities […]

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NASAA Supports the Hedge Fund Adviser Registration Act of 2009 (H.R. 711)

Legislation Would Require Hedge Fund Advisers to Register with SEC WASHINGTON (May 28, 2009) – The North America Securities Administrators Association (NASAA) today endorsed proposed bipartisan legislation that would require hedge fund advisers to register with the Securities and Exchange Commission under the Investment Advisers Act of 1940. The Hedge Fund Adviser Registration Act of […]

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NASAA Voices Support for Arbitration Fairness Act of 2009 (S. 931, H.R. 1020)

WASHINGTON, D.C. (May 21, 2009) –The North American Securities Administrators Association (NASAA) today announced its full support of the Arbitration Fairness Act of 2009 (S. 931, H.R. 1020), which seeks to protect the right of Americans to have their day in court by making pre-dispute agreements requiring arbitration for any employment, consumer, franchise or civil […]

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NASAA Reminds Investors to Investigate Before Investing

State Securities Regulators Offer Extensive Background Information on Stockbrokers and Investment Advisers WASHINGTON, D.C. (May 6, 2009)—The Madoff Ponzi scheme and other high-profile breaches of trust by financial professionals are strong reminders of the need to check the background of financial professionals before you trust them with your money, the North American Securities Administrators Association (NASAA) […]

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